Government Demands More Contribution From Nigeria’s Elite | WakaWaka Reporters
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Government Demands More Contribution From Nigeria’s Elite

President Muhammadu Buhari has urged Nigeria’s elite to be prepared to contribute more meaningfully towards helping the oil-rich nation overcome its current challenges.

Speaking at a meeting with the outgoing President of the African Development Bank (AfDB), Dr. Donald Kaberuka, President Buhari said that privileged and influential citizens clearly had to do more now than in the past to help Nigeria deal successfully with its economic and security problems.

President Buhari also told Mr Kaberuka that his administration would welcome more support from the AfDB for projects in versatile sectors like agriculture that could easily be explored to create more jobs for unemployed Nigerians.

The outgoing AfDB boss told President Buhari that some development institutions like the World Bank, German Development Bank and the European Development Bank had already indicated their readiness to provide long term loan facilities to small businesses in Nigeria.

Mr Kaberuka assured the President that the AfDB would always support economic projects in Nigeria.

Briefing reporters after the meeting, the outgoing AfDB President said he was grateful to Nigeria, as the largest shareholder in the African Development Bank with a portfolio of over $4.2 billion, with sixty per cent from the private sector, promising to support his successor at all times.

Dr. Akinwunmi Adesina of Nigeria will replace the outgoing AfDB President next month.

The AfDB currently has a strong capital base of 4.8 billion U S dollars.